RELL Stock Overview
Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America.
Richardson Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$15.50|
|52 Week High||US$16.24|
|52 Week Low||US$7.20|
|1 Month Change||10.79%|
|3 Month Change||26.02%|
|1 Year Change||82.57%|
|3 Year Change||176.79%|
|5 Year Change||159.63%|
|Change since IPO||40.91%|
Recent News & Updates
Richardson Electronics: A New-Age GE, Growth Conglomerate In The Making
Richardson Electronics has widely outperformed the U.S. equity market on the back of stellar underlying growth characteristics in 2021-22. The invention of an ultracapacitor to store energy for windmills could support another stretch of oversized gains for investors. Trading near its net asset liquidation value, with more cash than total liabilities, downside appears limited. An above-average 2.0% dividend yield is noteworthy and desirable from a high-growth investment holding.
|RELL||US Electronic||US Market|
Return vs Industry: RELL exceeded the US Electronic industry which returned -19% over the past year.
Return vs Market: RELL exceeded the US Market which returned -18.5% over the past year.
|RELL Average Weekly Movement||7.2%|
|Electronic Industry Average Movement||7.4%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: RELL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: RELL's weekly volatility (7%) has been stable over the past year.
About the Company
Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company’s Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment; customized display solutions; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. Its products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
Richardson Electronics Fundamentals Summary
|RELL fundamental statistics|
Is RELL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RELL income statement (TTM)|
|Cost of Revenue||US$145.58m|
Last Reported Earnings
Feb 26, 2022
Next Earnings Date
|Earnings per share (EPS)||0.84|
|Net Profit Margin||5.40%|
How did RELL perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is RELL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RELL?
Other financial metrics that can be useful for relative valuation.
|What is RELL's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RELL's PE Ratio compare to its peers?
|RELL PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: RELL is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (13.1x).
Price to Earnings Ratio vs Industry
How does RELL's PE Ratio compare vs other companies in the U.S. Electronic Industry?
Price-To-Earnings vs Industry: RELL is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the US Electronic industry average (17.6x)
Price to Earnings Ratio vs Fair Ratio
What is RELL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.4x|
|Fair PE Ratio||24.7x|
Price-To-Earnings vs Fair Ratio: RELL is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).
Share Price vs Fair Value
What is the Fair Price of RELL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RELL ($15.5) is trading below our estimate of fair value ($96.42)
Significantly Below Fair Value: RELL is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: RELL is good value based on its PEG Ratio (0.6x)
Discover undervalued companies
How is Richardson Electronics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RELL's forecast earnings growth (31.3% per year) is above the savings rate (1.9%).
Earnings vs Market: RELL's earnings (31.3% per year) are forecast to grow faster than the US market (14% per year).
High Growth Earnings: RELL's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RELL's revenue (13.7% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: RELL's revenue (13.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RELL's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has Richardson Electronics performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RELL has a high level of non-cash earnings.
Growing Profit Margin: RELL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RELL has become profitable over the past 5 years, growing earnings by 39.6% per year.
Accelerating Growth: RELL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RELL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (33%).
Return on Equity
High ROE: RELL's Return on Equity (8.9%) is considered low.
Discover strong past performing companies
How is Richardson Electronics's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RELL's short term assets ($147.8M) exceed its short term liabilities ($37.9M).
Long Term Liabilities: RELL's short term assets ($147.8M) exceed its long term liabilities ($3.2M).
Debt to Equity History and Analysis
Debt Level: RELL is debt free.
Reducing Debt: RELL has not had any debt for past 5 years.
Debt Coverage: RELL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RELL has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies
What is Richardson Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RELL's dividend (1.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: RELL's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Stability and Growth of Payments
Stable Dividend: RELL's dividends per share have been stable in the past 10 years.
Growing Dividend: RELL's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.8%), RELL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: RELL is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Edward Richardson (79 yo)
Mr. Edward J. Richardson has been the Chairman, Chief Executive Officer and President of Richardson Electronics Ltd. since September 1989 and has been its Director since 1965. Mr. Richardson served as the...
CEO Compensation Analysis
Compensation vs Market: Edward's total compensation ($USD1.23M) is about average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Edward's compensation has been consistent with company performance over the past year.
Experienced Management: RELL's management team is seasoned and experienced (10.2 years average tenure).
Experienced Board: RELL's board of directors are considered experienced (8.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.
Richardson Electronics, Ltd.'s employee growth, exchange listings and data sources
- Name: Richardson Electronics, Ltd.
- Ticker: RELL
- Exchange: NasdaqGS
- Founded: 1947
- Industry: Technology Distributors
- Sector: Tech
- Implied Market Cap: US$211.753m
- Shares outstanding: 13.66m
- Website: https://www.rell.com
Number of Employees
- Richardson Electronics, Ltd.
- 40W267 Keslinger Road
- PO Box 393
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.